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20130111
20130111
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
KICU
Jan 11, 2013 4:00am PST
doesn't shift the subject perhaps back to the debt ceiling debate. so early on in trade today, we will see more follow-through from the strong wednesday-thursday trade, but perhaps expect a little bit of profit-taking in the last hour ahead of the weekend press cycle. > > what are you seeing as far as volume, and did growth in china have anything to do with this latest rally? > > right, no, absolutely. first and foremost, china. the chinese trade data from wednesday night into thursday morning was exceptionally strong, exceeding analysts' expectations by 50%. it suggests or gives the hint that perhaps the global and domestic economies are both a little bit stronger than what some of the data is perhaps suggesting. that would be welcome news for federal reserve policymakers. your second point, volumes - volumes have been very strong at the start of the new year. even the s&p futures for example, yesterday traded over 1.6 million contracts in its heaviest volume day of the year, so, volumes are strong, and there is a lot of new money entering the market - 401(k)s, pension plans, whatever els
FOX Business
Jan 11, 2013 3:00pm EST
debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say, i'm not playing. we're going off that cliff. liz: what is the trade if that is, indeed, the scenario? >> sell long term treasuries. they are a bad deal. i don't know if you saw these reports on the coin? have you seen that? think about it. imagine if the government printed a trillion dollars and stuck it in the treasury and said, oh, there's a trillion less. that's so irrational, or a country like ours crossing arms saying we are not going to pay. that's so irrational. that means one thing, long term interest rates up; right? bond prices down. you will see the ten year note go down and done, and interest rates in the u.s. in the long term continue to jump up. liz: in november, when you were here, the best thing going was really treasuries, and
CNBC
Jan 11, 2013 3:00pm EST
expecting this debt ceiling debate to have? >> we're quite worried about it. we hope they don't shoot themselves in the foot. the good thing is the market saw in december even though there was a lot of fighting, ultimately they did the right thing so maybe it doesn't have to sell off as much before. >> i'm sorry, what does that mean? shoot themselves in the foot? does that mean they should do the right thing and stop borrowing 1 trillion a year. >> michael, you're right. we already shot ourselves in the foot. >> shooting ourselves in the foot would be coming up with a deal before the deadline, not a week after the deadline after they scare the bejabers out of everybo everybody. >> in 2011 they raised the debt ceiling and promised to cut $1.2 trillion. guess what? they punted on that one. now they are one sequestration in arrears. they owe us two and we're not getting any. that's not shooting ourselves in the foot. it's shooting our children in the head. >> i would argue that they did the -- i would argue they absolutely did not do the right thing. they probably should have let things
CNBC
Jan 11, 2013 6:00am EST
get real, although we have the debt ceiling coming up and many people who have predicted you could see a pullback before you see things moving higher once again. >> and i agree with that. and i think that's a great opportunity to own volume telt here. it's the cheapest we've seen the vix for some time. for one reason or another, there's complacency in the market. right now, we are seeing the market continue to move higher. it's a big technical when you see the large hedge funds coming in with the high trading that catch a lot of people off guard. and they did that overnight. i think today you'll see an up session again in the s&p. >> but, jeff, do you think that these are pros putting their money in, do you think these are average individuals who have started contributing to their 401(k)s at the beginning of the year? what do you think is happening? >> i think they're seeing some remorse. some of the folks were concerned about the tax ramifications of this whole fiscal cliff situation. we see nearly a 7% move up in the s&p. so people come back in, but pros are dominating the market
FOX News
Jan 11, 2013 1:00am PST
borrowing even more money. next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's mr. obama's way or the highway. again, he could use an executive order to ignore the debt ceiling and i will not be surprised if he does. so, what we have here is not a failure to communicate as they once said in the movie cool hand lou. but a president who believes he can do what he wants to do with little accountability. he has already signed executive order changing immigration rules. that was done in the middle of the night. few even know about it if this continues there will be a constitutional crisis in america. unfortunately we the people are slow to understand what's ac
FOX News
Jan 10, 2013 5:00pm PST
to ignore the debt ceiling and i will not be surprised if he does. so, what we have here is not a failure to communicate as they once said in the movie cool hand lou. but a president who believes he can do what he wants to do with little accountability. he has already signed executive order changing immigration rules. that was done in the middle of the night. few even know about it if this continues there will be a constitutional crisis in america. unfortunately we the people are slow to understand what's actually happening here. there is no collaboration going none washington right. >> now the president is not able to persuade republicans to see it his way. now he ♪ even trying to do that mr. obama is hell bent on changing the u.s.a. and, in his mind, no one is going to stop him. that's the memo. now for the top story tonight. opposing point of view, joining us from los angeles, adam winkleritutional law photographer at ucla. generally speaking and then i will get specific, where am i going wrong. >> to portray what president obama is doing as a power grab ignores a long histor
FOX News
Jan 11, 2013 12:00am EST
islam and he said that he's not going to allow the debt ceiling debate to be died to spending cuts which we desperately needs. he obviously -- he wants a fight. what do you make of the strategy that he's employed. >> i think what's happened to him is he feels that by winning a second term, with a slight addition of democrats in the house and the senate he now is, you know, king of the the world to quote an oscar winner of bygone days. and you noticed in these lists, look at the list of the major appointees, starting with brennan and hagel and these are nobody of independent stature. it's not like the first term where he had a clinton, where he had a gates, where he had people who could be a team of rivals. this is a team of essential, you know, fact totems. he wants to rule and he wants to govern and he will not let anybody stand in his way and i think that's what he's saying and he will take on any fight in order to get his people. he's announcing he wants to govern alone. >> sean: will they get confirmed? >> all of them, yes. i think in the case of hagel, i say the odds he gets a
CNBC
Jan 11, 2013 4:00am EST
%. we are going to get into a bit of a debate about what happened with the debt ceiling. there we go, piqu why. hopefully we've sorted you out. i want to get your view on the nikkei up at fresh five-year highs as we go into the new year. we have to get into discussions about the debt ceiling. >> well, i think the debt ceiling will cause some enhanced volatility from the february the 10th to march the 1st. we're likely to get a midnight solution on february the 28th. but the point is that i think the most difficult aspect of the negotiations was the issue of a tax increase. the republicans hadn't vote -- no republican congressman had voted for a tax increase in three years. 85 house of representatives members and the majority of the republican senators bothed in favor. so i would say that this suggests that the -- on fiscal issues is now a thing of the past. i mean, it's saying something quite strong, but i think we are much more likely to get a reasonable solution on march the 1st than seems likely until the middle of january the 1st this year. we're likely to get that solution. ther
ABC
Jan 10, 2013 6:00pm PST
dollar platinum coin to avoid debt ceiling drama has gained political momentum. what started as a whim in 2010 got more attention a year later. now has left leaning noble prize winning columnist paul krugman if the debt ceiling isn't avoided, mint the darn coin. gerald nadler is behind it not to mention a petition on the white house website with thousands of signatures in support. speaking of the white house.... >> would you roll it out? >> you can speculate a lot of things. >> it's in the air, a high floater. treasury department decides not to field it, but why is this being discussed more seriously now? analysts say frustration and fatigue in washington. >> an increased search for ways out of this problem, especially by democrats. i think that is how some of them hit on this idea about the coin. >> we've explained how it would work. >> treasury can mint it and print one trillion dollars. the president can order that coin to be deposited at the federal reserve. and real buzz over all of this is possibility, humorous or not, who would be on the coin, obama and boin have been considered
CSPAN
Jan 11, 2013 7:00am EST
year is one that debate will take place. you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertwined. they represent different points from which you can have a conversation about spending. i actually think there is less pressure short-term from the budget year to year. it is the long-term entitlement programs. at the discretion of the congress on an annual basis, maybe only 40% of the budget they control. much of it is locked in and on a trajectory that ends badly at some 0.30 or 40 years. that objective statement comes from the president's own appointees. the presidents in both parties of had it trustees that say, this will not work long term. i think the logical approach will be to think, how can you now make some of these changes. in the 1980's they adjusted social security and medicare it is a little bit. those are phased in over a long period of time. host: what do you think about the idea of using the debt ceiling as a starting point to talk about budgets and spending? guest: the
FOX News
Jan 11, 2013 1:00pm PST
comes to the debt ceiling thing we will give you the is power whether it is the 14th amendment or not to just raise this sucker yourself so you can find creative hoops around the debt ceiling mess without addressing the underlying spending that led to that mess. it does explain a lot. >> the arrogance of hai harry d today and other senate leaders when they said we will not allow the republicans to hold the country hostage by considered unbalanced approaches? didn't we just see a massively unbalanced approach after the president promised that it would be bald? the promises mean nothing, neil. it is time for the republicans to recognize the president is playing. >> neil: they didn't want to look like obstructionist. the reid democrats are telling them they got from the election more were vindicated, nor taxes not more spending cuts. i would agree to far to say the president got the support of americans to go ahead and hike taxes on the rich. i don't subscribe to that view or support that view. nevertheless he probably won and that basis but did not win on any basis to just ignore sp
Current
Jan 11, 2013 3:00am PST
in the coming negotiations with republicans over the debt ceiling and the budget negotiations and the sequestration, i mean he will be -- he will be a good ally for obama in those battles. i guess maybe that's what obama was look for? >> i think so. i think obama is clearly -- look, some kind of a long-term budget reduction deficit-reduction deal is clearly one of the things that obama wants as a legacy among others. but obama does not seem to be terribly concerned about the financial system. he gave an interview to "rolling stone" magazine last fall. he talked about a whole range of things with douglas brinkley, the historian. at one point, he said he was okay with what geithner had done. he didn't think it needed to be reinstituted. you get the sense between lew whose expertise does not include wall street and a president himself, you're going to get the status quo. >> bill: michael good for you to join us this morning. you can follow michael hirsch at nationaljournal.com. the "full court press," here we go on a friday. january 11. >> announcer: this is the "bill press show." @Ñ >>
CNBC
Jan 11, 2013 4:00pm EST
doesn't screw it up. >> as long as the government doesn't screw it up. well, we do have the debt ceiling debate in about a month. when you say screw it up. >> that's what i mean. >> you mean a fight? >> a big fight. >> that's what i mean. the last thing that we need is we don't need the government in there trying to kill sentiment. we -- we absolutely need sending cuts. i saw you almost fell out of your chair when one of the previous guests said we don't have a spending problem in this country. we certainly need to get more fiscal restraint, but we cannot have the government holding sentiment hostage, and that really is an incredibly negative force that cannot happen this year if we're looking to have the market move forward. >> dan, let me bring you into the conversation here, the chief executive officer here. how are you allocating capital? >> doing it stock by stock. we think the market is on pretty stable ground right here, though when seagulls get together it's called a flock but when bad boons get together it's called a bad congress so that's something to worry about when you get closer t
FOX Business
Jan 11, 2013 4:00pm EST
alternative. it's good, but be care. another debacle, debt ceiling coming up in a month or so, but right now, that's long term. liz: howard of counter fitzgerald in the last hour said that. he said this is the real debt ceiling. there's always something, isn't there, david? i mean, that's the point. where do you get the best deal? equities? you see that with the inflows to mutual funds. i worry when you see that that some people call the smart money the ones that were in during the time of fear and the slower money that retail money coming in now is that a sign of the top? >> that's called distribution usually. this is because all the money in mutual funds on the sidelines, more or less, a sign of a correction, but as far as we can see without knowing anything else, all the information we have to did on right now, you know, dips meant to be bought as far as we know. >> the markets are complacent about europe. used to be just a couple months ago when whenever, one way or the other, the markets jumped, the mission has been accomplished over that. too optimistic about that? >> well, l
CNBC
Jan 11, 2013 9:00am EST
about the debt ceiling here has kept that suppressed. but that will break out into a potential currency war. global, everybody's been doing it surreptitiously under the guise of lowering rates. abe is not doing anything surreptitiously, he's going for it. germany, their big business is exports. they're not going to let that happen. a lot of things coming. >> 1470, every time we've even approached this level, we've seen analysts come out with ultra-bullish calls. hasn't worked out. is this going to be any different? >> as i wrote in my comments this morning, the bulls really need a breakout here. they've achieved a nominal new high, but we're consolidating those gains, all of which is perfectly fine. but you've got to make a credible run toward 1500. and that, itself, may stampede money from the sidelines. >> thanks so much, art cashin. >> thank you. >> as we mentioned, wells fargo reporting fourth-quarter profits rising 24%. the stock is under pressure as it saw a bigger than expected declines in margins. kayla? >> melissa, the conference still under way. the executives are sti
Search Results 0 to 21 of about 22 (some duplicates have been removed)